Cement plant Holcim Indonesia posted a profit of Rp 467 billion during the first half of 2013. This figure is down 7 percent compared to net income in the same period a year earlier.
In a financial statement released, the cement factory managed to collect revenue to Rp 4.482 trillion. The achievement is obtained from the optimization of product mix and distribution to meet the challenges of increased market supply of capacity and imports increase. The revenue is actually higher than last year which was only Rp 4.191 trillion.
However, because of higher distribution costs make profits become depressed. Additionally, the increased cost of sales and administrative as well as financial costs, have an impact on short-term profits.
Nevertheless, President Director, Eamon Ginley convey, the general performance of Holcim are on the rise. It can be seen from the increase in gross profit of 33 percent to 35 percent. Holcim also has distributed interim dividend of Rp 37 per share to be paid, 15% greater than the interim dividend last year.
“With this dividend, for sure Holcim continues to provide benefits to its shareholders, and to continue to implement strategies based on adding value to customers, and maximize the efficiency of capacity,” Ginley said in a release received Suara Merdeka.
Holcim Indonesia is currently working in the middle market of excess supply conditions. However, he expects this condition is temporary.
Cement demand continued to grow consistently in the medium and long term, because the Indonesian economy continues to grow. This is supported by the existence of government and private sector investment in infrastructure and housing needs is also continuing. Therefore, the development of new plant proyen Holcim in Tuban, East Java, will provide benefits to the company.
“The cost of distribution to major markets in East Java to be more efficient, and will ensure smooth supply and better service for customers,” adds Ginley.
1 Tuban cement plant will produce 1.7 million tons of cement per year and will start in accordance with the planned schedule. Cement mill will begin operations on in August this year.

PT PTPN III, XI, and XII plans to build a sugar factory along with the name of PT Industri Gula Glenmore. Largest sugar mills in Indonesia later this stake by 60 per cent owned by PTPN III, PTPN XI 10 percent, and the remaining 30 percent had PTPN XII.

This determination was Minister of State-Owned Enterprises, Dahlan Iskan, in his office, Jakarta, Tuesday, July 23, 2013.

The plant will produce primary products and white sugar premium products such as bio-ethanol bandwagon, bio fertilizer, and animal feed.

The plant will be built with a processing capacity of six thousand tons of cane per day and will be increased to eight thousand tons per day in the end. At the beginning of production of the company is expected to earn as much as nine percent yield, so the premium of white sugar production could reach nine thousand tons.

The factory is located in East Java will be supplied entirely from plantation PTPN XII. The construction itself is expected to cost Rp1, 5 trillion.

“This plant should be completed within 22 months, since the completion of the project has been adapted to harvest sugar cane grown to be supplied to Glenmore. If it’s too late. Later sugarcane to be supplied to anybody,” said Dahlan.

Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.